The basic problem studied in Economics is

(a)

Unlimited wants

(b)

Unlimited means

(c)

Scarcity

(d)

Strategy to meet all our wants

Who gave welfare definition of economics?

(a)

Samuelson

(b)

Alfred Marshall

(c)

Pigou

(d)

Adam Smith

Increase in demand is caused by

(a)

Increase in tax

(b)

Higher subsidy

(c)

Increase in interest rate

(d)

decline in population

The Economist, who was the first to formulate the law of Diminishing Marginal Utility in Economics, is _______

(a)

H.H.Gossen

(b)

R.GD. Allen

(c)

J.R. Hicks

(d)

John S. Mill

Which of the following is not a characteristic of land?

(a)

Its limited supply

(b)

Its is mobile

(c)

Heterogeneous

(d)

Gift of Nature

MP_n= _________.

(a)

TP_n-TP_n-1

(b)

TC_n-TC_n-1

(c)

\(\frac { TP }{ Q } \)

(d)

TU_n-TU_n-1

Money cost is also known as _____ cost.

(a)

explicit

(b)

implicit

(c)

social

(d)

real

In which market form, does absence of competition prevail?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

On the basis of regulation the market can be classified as _________

(a)

spot market

(b)

future market

(c)

both (a) and (b)

(d)

none of these

According to the Loanable Funds Theory, supply of loanable funds is equal to

(a)

S + BC + DH + DI

(b)

I + DS + DH + BM

(c)

S + DS + BM + DI

(d)

S + BM + DH + DS

Gross Profit - Implicit Cost.

(a)

Net Profit

(b)

Gross Profit

(c)

Normal Profit

(d)

Super Normal Profit

The number of births per thousand population is called as

(a)

Crude death rate

(b)

Mortality rate

(c)

Morbidity rate

(d)

Crude birth rate

According to HDR (2016), India ranked __ out of 188 countries.

(a)

130

(b)

131

(c)

135

(d)

145

Steel Authority of India Ltd. (SAIL) was established in the year

(a)

1974

(b)

1970

(c)

1972

(d)

1971

The farmers have access to credit under Kisan credit card scheme through the following except

(a)

Co-operative banks

(b)

RRBs

(c)

Public sector banks

(d)

all the above

India Shares______ percent of the total world population

(a)

17.5

(b)

20.5

(c)

35.6

(d)

10.5

Indicate the cause for rural poverty.

(a)

Lack of non - farm employment

(b)

High employment

(c)

Low inflation rate

(d)

High investment

In literacy rate, TN ranks

(a)

second

(b)

fourth

(c)

sixth

(d)

eighth

____ is one of the largest dam in India.

(a)

Puzhal Dam

(b)

Sathanur Dam

(c)

Periyar Dam

(d)

Mettur Dam

The first person used the mathematics in Economics is

(a)

Sir William Petty

(b)

Giovanni Ceva

(c)

Adam Smith

(d)

Irving Fisher

What are goods?

What is meant by division of labour?

Define cost function.

What do you mean by very short period market or market period?

Explain density of population.

List out the weaknesses on Green Revolution.

State any two factors hindering Rural Electrification in India.

What are the major agricultural products produced in Tamilnadu?

The demand function is given by x = 20 - 2p - p² where p and x are the price and the quantity respectively. Find the elasticity of demand for p = 2.5.

Explain the scarcity definition of Economics and assess it.

Distinguish between total and marginal utility.

What are the functions of Entrepreneur?

State the differences between money cost and real cost.

Bring out the features of Monopolistic competition.

Briefly explain the Subsistence Theory of Wages.

Write short note on health care services in India?

Elucidate the different types of land tenure system in colonial India.

Explain Fiscal Reforms taken by the Government of India.

Solve the equation x + 2y + 5z = 23; 3x + y + 4z = 26; 6x + y + 7z = 47 by determinant method.

1. Compare and contrast various definitions of Economics.

2. State and explain the Growth definition given by Paul Samuelson.

1. Explain the law of Equi - marginal utility

2. Explain the Law of supply with a suitable diagram?

1. Bring out the relationship among TR, AR, MR curves and elasticity of demand.

2. Explain how price and output are determined under monopolistic competition with help of a diagram.

1. Write a note on Uncertainty Bearing Theory of Profit.

2. Explain the contributions of VKRV Rao to the Indian economy.

1. Discuss the Indian Economy during British Period.

2. Describe the Agrarian Crisis after Reforms?

1. Analyse the causes for Rural Indebtedness.

2. Write a short note on
   a) Leather b) Electronis c) Auto motives

1. Find the solution of the system of equation
   7x₁ - x₂ - x₃ = 0
   10x₁ - 2x₂ + x₃ = 8
   6x₁ + 3x₂ - 2x₃ = 7

2. What are the standard forms of differentiation?